Cement exports surge by 1.77 percent

The cement exports have registered a growth of 1.77 percent from 4.66 million tonnes in 2016-17 to 4.75 million tonnes during 2017-18, inching up first time after nine years.

According to data released by All Pakistan Cement Manufacturers’ Association (APCMA), the country exported 4.7 million tonnes cement in fiscal year 2017-18 after a long time, as it was declining since 2008-09.

In June 2018, the exports from North based mills amounted to 0.18 million tonnes against 0.22 million tonnes in June 2017 and from South based mills was 0.215 million tonnes against 0.122 million tonnes in June 2017.

The industry experts have said that reinvigorated increase in exports is a welcome sign for the industry and the decline in rupee value against dollar is finally restoring lost competitiveness of cement sector in the global markets.

Source: Radio Pakistan